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Royal Mail PLC (LON:RMG) reached a new 52-week low on Thursday . The stock traded as low as GBX 190.50 ($2.49) and last traded at GBX 191.65 ($2.50), with a volume of 1473678 shares changing hands. The stock had previously closed at GBX 194.90 ($2.55).
Several research firms have recently weighed in on RMG. Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a research report on Thursday, July 11th. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. upgraded Royal Mail to a “neutral” rating and raised their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Societe Generale upgraded Royal Mail to a “hold” rating and decreased their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Finally, HSBC downgraded Royal Mail to a “hold” rating and decreased their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market capitalization of $1.94 billion and a PE ratio of 10.95. The company’s fifty day moving average is GBX 212.11.
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. The ex-dividend date is Thursday, July 25th. This is a boost from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio (DPR) is currently 1.43%.
In related news, insider Rico Back purchased 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last ninety days, insiders purchased 251,796 shares of company stock valued at $51,708,553.
Royal Mail Company Profile (LON:RMG)
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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